Anglo Asian Mining Share Discussion Threads

[brasso3] 16/11/2016 17:31

Wimbled

I think 68,000oz is possible.

[wimbled] 16/11/2016 16:53

October 5303 oz reported plus 9 months production 2016 reported in 3rd qtr 49,874.
Gives 55,177 for ten months. November and December cold months unlikely to exceed October's number. Forecast 66,000 oz for 2016.

[brasso3] 16/11/2016 15:44

5,304 oz is a bit on the low side if they are to hit 69,000oz for the FY. With flotation gold it may be shy of 6,000oz for October. Obviously they are going to be close to the low end target so its not the end of the world. All in all it will have been a very good year for AAZ.

They need to find 13,000oz - 13,500oz in November and December.

Looking forward to the January FY update.

[mattjos] 16/11/2016 15:19

actual spread is just 1% .. 30.1 v 30.4 not often we see it that tight

[mattjos] 16/11/2016 13:18

ok, thnx jbravo

[jbravo2] 16/11/2016 13:15

Last time I asked the concentrate goes to Georgia not to Switzerland like the dore.
The essential point stands of course, that only the dore is reported on as the concentrate has a longer path to take.

[mattjos] 16/11/2016 12:19

there is the delayed gold production Credit from the flotation which is not reported in the same way as we have to wait for the refiner in Switzerland to credit the value to us after the month end reporting period.

Agreed, they look on target to hit the forecast.

The local costs in Manat continue to fall ... Manat now 10% weaker than last devaluation (1.70 v 1.55)

[mattjos] 16/11/2016 12:14

Gold production in Azerbaijan amounted to 1 thousand. 616.8 kg in January-October 2016, which is 14.5% less than the same period last year, reported the agency "Interfax-Azerbaijan" State Statistics Committee.

In October 2016, Azerbaijan produced 165 kg of gold.

Mined gold passed for processing.

In 2015, Azerbaijan produced 2 229.3 kg of gold production grew by 19.1%.

In 2016 the Government of Azerbaijan expects gold production in the amount of 1 thousand. 891.6 kg.

Mining of gold and silver in Azerbaijan is being implemented with the fields Gadabay and Gosha under contract such as Production Sharing Agreement, signed on 21 August 1997. The contract includes the development of six fields: one - in Nakhichevan, two - in Kedabek region of Azerbaijan (450 km west of Baku) and three - Kelbajar and Zangelan, occupied now by Armenian armed forces. Azerbaijan's share in the contract is 51%, Anglo Asian Mining PLC - 49%.

According to the contract, as a whole, these six fields is planned to produce 400 tons of gold.

Mining of gold first began in 2009 with the Gadabay field, production of silver - in 2010. With field Gosha gold mining began in the third quarter of 2013. The company is also in the summer of 2015 launched the development of Gold Mine Ghadir.

[homebrewruss] 16/11/2016 12:09

Gold production for october 165kg:

If they can achieve around the same for November and December then they should just about hit 69,000 ounces for the year

[crazycoops] 16/11/2016 10:50

Thanks for clarifying Matt

[edjge2] 16/11/2016 10:16

Mattjos
gold in doldrums but I suspect divi here may rival HGM eventually, given potential. Those who got and kept HGM at 50p must be smiley.Suspect gold up with rate adjust or nut with financial/social mayhem that will unfold. Detrumpers active in the States already. Italians and EC? Spratling Islands and China. Banking crash its a matter of time while gold rollercoasts.

[mattjos] 16/11/2016 10:03

crazy .. you're are not moderated or restricted in any way.
On ipads it often takes 1-2 minutes viewing the last page of the thread before it lets you write to the thread. Try that & sure you'll be ok

[mattjos] 16/11/2016 10:01

jbravo ... Reza is now 63 (I think) & has to share his time between USA, UK & Azerbaijan. Not easy, given that he has a wife and family.
Sadly, we none of us go on for ever so, particularly given his large stake in the company, succession planning / exit methodology will be on his mind.
Not yet I hope & it would be terrific to see him head the RNS announcing a maiden dividend.

[crazycoops] 16/11/2016 10:00

Matt, I wonder if you have me on the moderated list? Obviously, I am a 'blue' so you can't really moderate me - however, when I view this thread via my ipad app, I can look but not post (just this thread).

I think my earlier posts on this thread commented on the debt, so you might have seen me as something that I am not. For the record, AAZ is my largest holding and I am here for the long haul.

TIA

[mattjos] 16/11/2016 09:44

homebrew ... its quite understandable but, the biggest gains are made in the long term, Knowing when to simply sit on your hands and do nothing is, arguably, one of the most difficult things to do & to learn when to do but, in the case of AAZ, I believe is the correct strategy.

[homebrewruss] 16/11/2016 09:40

I'll admit to being one of those people. I had a bit of a wobble when I saw the price of gold keep falling and reduced.
Kicking myself now but nearly back to where I started having fortunately made some gains elsewhere that have offset most of the difference.

[mattjos] 16/11/2016 09:31

Thanks re comments on TA .. there seems to be a growing list of folk here who keep trying to jump in and out but, each time are left on the shore as the boat sails away. Must be very frustrating for them but, its not a sensible strategy in AAZ, given the extremely limited free-float and the clear evidence of a very large buyer at this level

[philo124] 16/11/2016 09:02

Nice quick recovery from gap fill.

[jbravo2] 16/11/2016 08:53

£5 in 2/3 years will need some kind of deal.
Can anyone think of one?
:)

[jbe81] 16/11/2016 08:51

100k @ 32p, could be taken today, then will be interesting to see how many more are available, could be a very quick rise

[xcap] 16/11/2016 08:49

RV will want to see his 15 year plus involvement at least at £5 at some point in the next 2/3 years

its been before here but AAZ has to be one of the best value stocks in the mining sector plus with massive growth profile

[xcap] 16/11/2016 08:48

Matt - great analysis on 'mind the gap'

it seems clear to me that the shares are hold mostly by investors who are looking at well over £1 very short term. yes there will be traders but as Matt has clearly shown through his trading and technical analysis these shares 'gap' down are mopped up and share price then consolidates. Plus the volume of 'trader' shares is minimal.

Q4 is shaping up to be good i think , plus we have the copper!!

[jbravo2] 16/11/2016 08:46

I guess we can take it that pixi joined the ever growing list of those making the wrong call.
I guess in it's strictest sense it's a 50:50 call with one side being a bad call and the other quite simply delicious.
To sell or buy.

The price climb here now means many people are sat on small fortunes. Me included. So its understandable.
I'm not cashing in for a small fortune though. I want a large 7 figure fortune.
The thing to look at is the future. Not your current gain, but where it should be.

List the reasons why this could be higher in 1 week, 1 month, 6 months or 1 year.
And the reasons why it could be lower in those timescales.

It never makes a convincing case for anything other than BUY.

[jbe81] 16/11/2016 07:56

Big trades for aaz, supply will get very tight here.

[okuta] 16/11/2016 05:22

Thanks Mattjios for sharing your research with us,am in for the long haul and look in every day/rgds